149,682 Shares in The TJX Companies, Inc. (NYSE:TJX) Purchased by Raub Brock Capital Management LP

Raub Brock Capital Management LP acquired a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 149,682 shares of the apparel and home fashions retailer’s stock, valued at approximately $16,480,000. TJX Companies makes up about 3.6% of Raub Brock Capital Management LP’s portfolio, making the stock its 18th biggest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TJX. Running Oak Capital LLC boosted its position in shares of TJX Companies by 10.9% during the first quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock valued at $11,358,000 after purchasing an additional 11,036 shares in the last quarter. New Mexico Educational Retirement Board grew its position in shares of TJX Companies by 15.9% in the 1st quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock worth $7,037,000 after buying an additional 9,500 shares during the period. Options Solutions LLC bought a new position in shares of TJX Companies in the 4th quarter worth about $726,000. Advisors Capital Management LLC lifted its position in TJX Companies by 3.7% during the 1st quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer’s stock valued at $58,045,000 after acquiring an additional 20,629 shares during the period. Finally, McKinley Carter Wealth Services Inc. boosted its stake in TJX Companies by 10.6% during the fourth quarter. McKinley Carter Wealth Services Inc. now owns 82,849 shares of the apparel and home fashions retailer’s stock worth $7,772,000 after acquiring an additional 7,924 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TJX shares. Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and lifted their target price for the company from $110.00 to $128.00 in a report on Thursday, August 22nd. BMO Capital Markets lifted their price objective on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. UBS Group increased their target price on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Bank of America lifted their price target on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Morgan Stanley increased their price objective on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Stock Performance

Shares of NYSE TJX traded down $2.39 during midday trading on Friday, hitting $115.62. 4,827,263 shares of the stock traded hands, compared to its average volume of 5,428,720. The firm has a market capitalization of $130.67 billion, a P/E ratio of 28.69, a PEG ratio of 2.97 and a beta of 0.89. The TJX Companies, Inc. has a one year low of $86.71 and a one year high of $121.13. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The firm has a 50-day moving average of $113.58 and a two-hundred day moving average of $104.88.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. TJX Companies’s revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 earnings per share. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.15 EPS for the current fiscal year.

TJX Companies Company Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.